Additionally, since this project is already in flight, you run the risk of mechanic liens taking priority over your loan as they can backdate the lien to when work commenced. 

I guess your risk is losing the land if the construction loan defaults, or perhaps being dragged into any mechanic's liens from subcontractors, but hopefully you can figure out a way up front to be indemnified on that.

Mechanically speaking, that whole process is what a title company provides, and it definitely simplifies things (and generally provides better assurance of a good outcome) to use a title company whenever possibly. 

In fact, depending on the fact pattern  even negligence may only lead to representation as the carrier will agree to defend the insured under reservation of rights.It's very important for real estate operators to understand the role insurnance plays and the mechanisms of coverage and relationship between transactional participants.

My concerns with delayed financing are the double closing costs.I don't understand the mechanics of the different loans and what the tax benefits are of the different options.Thanks to everyone who has replied to my previous questions.  

This is after averaging out the costs of 1) roof, mechanicals, siding, flooring, etc. and dividing by their life span then also subtracting general maintenance costs (handyman type stuff frozen pipes, etc.) you see each year.

This is a good concept, but to translate into a game, you have to have some core mechanic that holds it all together.  

Wife to an Army veteran/marine biologist/mechanical engineer/healthcare administration executive.  

You can check at the courthouse for recorded mortgages etc, but there are liens that may not be possible to determine such as an unfiled mechanics lien.

He alerted me to a mechanic's lien on the property for $25,000 (5 times the tax value), which gave me several days panic until a lawyer friend explained that these liens expire after one year unless a separate suit is filed to enforce the lien.